Having started out as a single phosphate mining operation some 55 years ago, Foskor has rapidly grown into a reputable and highly profitable producer and processor of phosphate and phosphoric acid. As a result of Foskor’s strategic expansion over the years, its primary business activity extended from basic mining to the current focus on the beneficiation of phosphate rock and the production of phosphoric acid and phosphate-based fertilisers. These end products are sold locally and globally.
Today the Foskor Group comprises of mining and production facilities: Foskor Richards Bay. Located in the KwaZulu-Natal Province of South Africa - an area known for its huge industrial development and harbour export facilities - Foskor Richards Bay is primarily a producer of phosphoric acid and phosphate based fertilisers, while also distributing lower volumes of sulphuric acid to customers within the South African market.
Foskor Phalaborwa is situated in the Northern Province (Limpopo) of South Africa. The Phalaborwa region is known for its extensive phosphate and copper reserves. The Foskor facilities in this area are focused on the mining and beneficiation of phosphate rock as well as recovering low concentrates of copper minerals. Foskor already commands a respectable percentage, of the traded phosphoric acid market share worldwide. Through additional production, Foskor has positioned itself as an internationally significant phosphoric acid producer with the potential to become the fourth largest internationaltrader of phosphoric acid with a 12 percent share of the world market.
(1). Founded in 1951 (2). Employs a staff complement of 1 800 (3). Enjoys a turnover of R4.5-billion (4). A phosphate mining operation (5). Foskor Phalaborwa is situated in the Northern Province (Limpopo) of South Africa
STATISTICS/ DEMOGRAPHICS/ HISTORY
Year founded: 1951 Employees: 1 800 Branches: Midrand (Head Office), Richards Bay (Chemicals), Phalaborwa (Mining) Trade affiliations: Mining and chemicals
NATURE OF BUSINESS
Activity: The manufacture and supply of international standard merchant grade phosphoric acid and related granular fertiliser products Products/services offered: Phosphate rock, copper concentrate, phosphoric acid and granular fertiliser Exports: Fertiliser
TRAINING & CSI
Training programmes: Protec - Technical Training Centre in Phalaborwa CSI initiatives: An active member in the immediate environment in which it operates and acknowledges and accepts its responsibility towards the community; some projects include: Business Against Crime initiatives in KZN; provides access to facilitiesneeded to prepare lducational material; an external Prestige Programme for seven external candidates; the Dinaledi Schools projects; two Charity Golf days each year; the Foskor Community Centre in Phalaborwa; Thuthukani Special School home to 330 mentally handicapped children
BUSINESS & FINANCE
Turnover: R4.5-billion Operating profit: R1 186-billion Net profit: R978.3-million after tax Financial year-end: 31 March Subsidiaries: Investments in subsidiaries: R187-million; Loans to subsidiaries: R3.5-million Holding company: Industrial Development Corporation
Limited Bank: Standard Bank, Absa, Nedbank, First National Bank Auditors: PricewaterhouseCoopers Inc., Ngubane & Co. Key clients: Coromandel Fertilisers Limited
CONTRACTS & AWARDS
ISO rating: ISO 14001 certification and also maintained ISO 9001 and OSHAS 18001 accreditation; the Phalaborwa operation once again maintained its world-class Safety, Health, Environment and Quality (SHEQ) performance, by retaining all ISO and OSHAS
accreditations
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